Why are more people combining their pensions?
In simple terms combining your pensions means combining the various pension pots you have built up over the years in to one plan. If you've worked for several companies throughout your career you may have pensions from each of them, which are held with a number of providers.
Consolidating your pensions in to one plan is a good way to make sure you can keep track of how they are performing, and could mean you pay lower fees or get better growth.
After transferring your pensions in to one pot you'll save time and effort in admin as you'll have one plan and only one provider to liaise with. You'll also get a clear picture of exactly where your money is invested, and of course your projected pension value at retirement.
Get clear, FCA-regulated advice on how to consolidate your pensions and whether it’s the right move for you.
- Keep track of your pension performance.
- View all your available pension funds in one place.
- Opportunity to reduce fees or get better growth.
- Build a strategy that aligns your pensions with your retirement goals.
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Why expert advice matters
Consolidating your pensions can make life simpler and give you a clearer picture of your retirement savings. But moving your pensions isn’t always straightforward, and in some cases you could lose valuable benefits or guarantees if you transfer without checking first. An adviser can:
- Review all your existing pensions and highlight any valuable features you may risk losing
- Compare fees, performance, and investment options across providers
- Show you if consolidation will genuinely save you money and improve flexibility
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Why use our service?
Making decisions about your pension is important, and getting the right advice can make all the difference. Our service connects you with trusted, FCA-regulated advisers who are ready to help you navigate your pension choices.
- Free and impartial - There’s no charge for using our service — we’ll match you with a qualified adviser at no cost to you.
- Quick and convenient - It takes less than a minute to be matched with an adviser who understands your needs.
- Advisers near you - Our nationwide network means you’ll be connected with someone local, so you can choose how and when to speak.
Our expert adviser network
All of the advisers we work with are FCA-authorised and regulated.
Frequently asked questions
It’s the process of bringing multiple pension pots into one plan, so your retirement savings are easier to manage.
Consolidation can save you time, reduce admin, cut fees, and give you a clearer view of your projected retirement income.
Yes. Some pensions come with valuable benefits or guarantees, such as guaranteed annuity rates or protected tax-free cash. These may be lost if you transfer without advice.
It depends. While you may benefit from lower fees and better investment options, the outcome varies depending on your current pensions. An adviser can compare costs for you.
If your pensions are worth more than £30,000 and have certain guarantees, regulated advice is a legal requirement. Even if not, it’s strongly recommended to make sure you don’t lose out.
Yes, many people consolidate old workplace pensions from previous jobs. An adviser can help you assess which ones are worth moving and which should be left where they are.
*Over £26.6 billion in lost pensions highlights need for retirement planning — Peter Lawson Financial News, November 2023. Read the full article
[2] According to research conducted by Royal London and ILC